Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $180 May 9: Received cash for meals served to customers, $3,680 May 14: Paid cash for kitchen equipment, $2,000 May 23: Served a banquet on account, $2,310 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $740 May 31: Recorded depreciation for May on kitchen equipment, $400 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Sweet Caterins completed the following selected transactions during May 2016: - May 1: Prepaid rent for three menths, 52,700 - May 5; Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, 53,6b0 - May 14: Pald cash for kitchen equipment, 52,000 - May 23: Served a banquet on account, 52,310 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense. 5740 - May 31; Recorded depreciation for May on kitchen equipment. 5400 If Sweet Carering had recorded transactions using the Cash meshod, how much net income doss) would they have recorded for the month of May? if there is a loss, enter it with parentheses or a negative sgh if Sweet Catering had recorded transactions using the Accrual method, how much met income (toss) would they have recorded for whe month of May? if there is a loss, enter is with parentheses or a hegative sign. weet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, \$2,700 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $3,680 - May 14: Paid cash for kitchen equipment, $2,000 - May 23: Served a banquet on account, $2,310 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, 5740 - May 31: Recorded depreciation for May on kitchen equipment, $400 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? if there is a loss, enter it with parentheses or a negative sign. Sweet Caterins completed the following selected transactions during May 2016: - May 1: Prepaid rent for three menths, 52,700 - May 5; Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, 53,6b0 - May 14: Pald cash for kitchen equipment, 52,000 - May 23: Served a banquet on account, 52,310 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense. 5740 - May 31; Recorded depreciation for May on kitchen equipment. 5400 If Sweet Carering had recorded transactions using the Cash meshod, how much net income doss) would they have recorded for the month of May? if there is a loss, enter it with parentheses or a negative sgh if Sweet Catering had recorded transactions using the Accrual method, how much met income (toss) would they have recorded for whe month of May? if there is a loss, enter is with parentheses or a hegative sign. weet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, \$2,700 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $3,680 - May 14: Paid cash for kitchen equipment, $2,000 - May 23: Served a banquet on account, $2,310 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, 5740 - May 31: Recorded depreciation for May on kitchen equipment, $400 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? if there is a loss, enter it with parentheses or a negative sign